If you are searching for the IFSC code of State Bank of India, SIDDARTHA LAYOUTMYSORE branch in MYSORE, KARNATAKA, this page has every detail you need. The verified IFSC code for this branch is SBIN0016501. You can use it for NEFT, RTGS and IMPS fund transfers, online banking add-payee actions, UPI mandates and any other electronic payment request that asks for an Indian Financial System Code. The information on this page is curated specifically for customers, remitters, employers and businesses who need to credit funds to an account maintained at this branch, and it is structured so you can find what you need within a few seconds of landing here.
You will see the complete branch address, the area STD code and phone number, the city and state, the day-to-day banking services that are typically offered at the SIDDARTHA LAYOUTMYSORE branch, and detailed step-by-step guides for using the IFSC SBIN0016501 across NEFT, RTGS and IMPS rails. A frequently-asked-questions section at the end answers the most common queries we receive about this particular branch.
IFSC stands for Indian Financial System Code. It is an 11-character code that pinpoints a particular bank branch on the RBI's real-time payment rails. Every NEFT, RTGS or IMPS instruction must carry the destination branch's IFSC for the credit to land in the correct account.
In our case, SBIN0016501 is the IFSC of State Bank of India's SIDDARTHA LAYOUTMYSORE branch. The format is fixed: SBIN = bank code, 0 = reserved, 016501 = branch identifier.
About the bank
State Bank of India serves retail and corporate customers with a full range of deposit, lending, payments and digital banking products. Its Siddartha Layoutmysore branch in Mysore, Karnataka is part of this network and uses the IFSC code SBIN0016501 for all electronic settlement.
Branch details at a glance
| Bank Name | State Bank of India |
|---|---|
| Branch | Siddartha Layoutmysore |
| IFSC Code | SBIN0016501 |
| MICR Code | Refer to cheque leaf |
| Branch Address | NO.193/3, PARSWA VATIKA T.NARASIPURA MAIN ROAD, OPP NANDINI MILK DAIRY, SIDDARTHANAGAR, DIST. MYSORE, KARNATAKA 570011 TEL 0821 2340909 |
| City | Mysore |
| District | Mysore |
| State | Karnataka |
Siddartha Layoutmysore branch overview
Located at NO.193/3, PARSWA VATIKA T.NARASIPURA MAIN ROAD, OPP NANDINI MILK DAIRY, SIDDARTHANAGAR, DIST. MYSORE, KARNATAKA 570011 TEL 0821 2340909, the Siddartha Layoutmysore branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC SBIN0016501 is required for all interbank electronic transfers routed through this branch.
Why every State Bank of India branch has a unique IFSC
Before electronic settlement systems went live in India, money transfers between banks relied heavily on demand drafts, mail transfers and telegraphic transfers. These older instruments routinely took days to clear and were prone to misrouting because there was no single machine-readable identifier for a branch. The Reserve Bank of India solved this by issuing each participating branch — including SIDDARTHA LAYOUTMYSORE of State Bank of India — its own 11-character IFSC. The code SBIN0016501 is therefore not just an internal reference; it is the digital postcode that lets the RBI's NEFT, RTGS and IMPS rails route funds straight to the right branch ledger without any human intervention.
Today, almost every salary credit, vendor payment, refund and EMI deduction in the country flows through this network, which is exactly why a correct IFSC matters so much. A wrong character can either bounce the transfer or send it to the wrong branch, and reversing such a credit is a manual, time-consuming process. Treat IFSC SBIN0016501 the same way you would treat your account number — verify it once and save it carefully for future use.
Account types you can open at the Siddartha Layoutmysore branch
Once you have an account at State Bank of India – SIDDARTHA LAYOUTMYSORE, the IFSC SBIN0016501 stays the same regardless of the type of account you hold. The branch typically supports the following options:
- Savings account — for individuals, with chequebook, ATM card and net-banking access.
- Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
- Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
- NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
- Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
- Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
- Minor and student accounts — operated jointly with a guardian until the customer turns 18.
Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.
Products and services
Customers walking into the Siddartha Layoutmysore branch can access most of State Bank of India's standard product suite, including:
- Account opening – savings, current, NRI, salary
- Term deposits and recurring deposits
- Retail and small-business loans
- Insurance and mutual-fund tie-ups
- Locker, safe deposit and ATM card services
- Online and mobile banking activation
- Electronic transfers via IFSC SBIN0016501
How to transfer money using IFSC SBIN0016501
Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC SBIN0016501 across all three.
How to use IFSC SBIN0016501 for an NEFT transfer
NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to State Bank of India's SIDDARTHA LAYOUTMYSORE branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).
- Log in to your internet banking or mobile banking app.
- Choose Add Beneficiary and select NEFT / Other Bank.
- Enter the beneficiary name, account number and the IFSC SBIN0016501.
- Confirm the bank name auto-populates as State Bank of India and the branch as SIDDARTHA LAYOUTMYSORE.
- Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.
Real-Time Gross Settlement to SIDDARTHA LAYOUTMYSORE
If you need to transfer ₹2 lakh or more in one go to an account at State Bank of India's SIDDARTHA LAYOUTMYSORE branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC SBIN0016501 while initiating the transfer and the credit will appear within minutes.
IMPS to State Bank of India SIDDARTHA LAYOUTMYSORE (IFSC SBIN0016501)
IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC SBIN0016501 in your mobile or internet banking app, and the money is credited to the SIDDARTHA LAYOUTMYSORE branch account within seconds.
Comparing NEFT, RTGS and IMPS for transfers to Siddartha Layoutmysore
The right transfer rail depends on how urgent the payment is, how large it is, and whether the receiving bank participates in the chosen scheme. Every option below works with the IFSC SBIN0016501:
- NEFT — best for everyday transfers of any amount; settles in half-hourly batches around the clock.
- RTGS — best for transfers of ₹2 lakh and above; settles each transaction individually in real time.
- IMPS — best when speed matters more than batch scheduling; instant credit up to ₹5 lakh.
- UPI — best for small peer-to-peer payments using a VPA; the underlying account at SIDDARTHA LAYOUTMYSORE is still linked to IFSC SBIN0016501.
For salary credits, vendor payouts and refunds, employers and merchants usually default to NEFT because of its zero per-transaction cost for retail customers and its 24x7 availability.
How UPI relates to the IFSC code
UPI lets you pay using a short Virtual Payment Address instead of typing the IFSC every time, but behind the scenes every UPI mandate is mapped to an account number plus an IFSC. For accounts at State Bank of India's SIDDARTHA LAYOUTMYSORE branch, the IFSC SBIN0016501 is what the National Payments Corporation of India (NPCI) uses to route the credit when you tap Pay on a UPI app.
That is why, even in the UPI era, it is still worth knowing the IFSC of your home branch — for failed UPI mandates, e-mandate set-ups, third-party platform onboarding and salary or refund credits.
Online banking and IFSC SBIN0016501
State Bank of India customers can register for net banking and the bank's official mobile app once their account at the SIDDARTHA LAYOUTMYSORE branch is active. Net banking lets you view balances, download statements, open fixed deposits, request cheque books and initiate NEFT/RTGS/IMPS transfers — all without setting foot in the branch. The IFSC SBIN0016501 is pre-filled by the bank for transfers originating from your own account, and you only need to enter it manually when adding an external beneficiary or sharing your account details with a third party.
MICR & cheque-truncation details
Cheques drawn on the Siddartha Layoutmysore branch are processed through the Cheque Truncation System (CTS). Each cheque carries a unique 9-digit MICR code that pairs with IFSC SBIN0016501 for clearing. If you receive a cheque from this branch, both codes will be visible on the cheque leaf.
Things to verify before sending money
Banking errors are usually small typos that snowball into delayed credits and customer-care follow-ups. Use this short checklist before you confirm any transfer to State Bank of India – SIDDARTHA LAYOUTMYSORE:
- The IFSC is exactly SBIN0016501 with no extra spaces.
- The beneficiary's account number matches what they shared, digit for digit.
- The portal auto-fills State Bank of India as the bank name and SIDDARTHA LAYOUTMYSORE as the branch.
- The amount and the purpose of payment are correct.
- You have a valid OTP-verifying mobile number on hand.
A 30-second review here saves hours of reconciliation later.
How to reach the Siddartha Layoutmysore branch
The branch is located at NO.193/3, PARSWA VATIKA T.NARASIPURA MAIN ROAD, OPP NANDINI MILK DAIRY, SIDDARTHANAGAR, DIST. MYSORE, KARNATAKA 570011 TEL 0821 2340909, which puts it inside Mysore, the broader Mysore district, and the state of Karnataka. To plan your visit:
- Open Google Maps on your phone and search for “State Bank of India Siddartha Layoutmysore branch” — the verified location pin for IFSC SBIN0016501 should appear at the top of the results.
- Confirm the branch is open by calling the branch contact number before stepping out, especially around public holidays.
- Carry photo ID and any account-related documents you may need for the transaction you plan to do.
Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC SBIN0016501 and your account number.
Verifying IFSC SBIN0016501 from official sources
The IFSC listed on this page is sourced from the RBI's master list and validated against the bank's branch directory. To double-check before transferring large sums, you can also confirm SBIN0016501 by:
- Looking at the cheque leaf – IFSC is printed near the MICR band.
- Opening the passbook's first page.
- Calling the branch directly on the branch contact number.
- Visiting the bank's official branch locator page.
Working hours
Branch counters at Siddartha Layoutmysore are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to SBIN0016501 continue to work without interruption.
Branch address & contact
State Bank of IndiaSiddartha Layoutmysore Branch
NO.193/3, PARSWA VATIKA T.NARASIPURA MAIN ROAD, OPP NANDINI MILK DAIRY, SIDDARTHANAGAR, DIST. MYSORE, KARNATAKA 570011 TEL 0821 2340909
Mysore, Karnataka
Phone: the branch contact number
IFSC: SBIN0016501
Frequently asked questions
What is the phone number of State Bank of India Siddartha Layoutmysore branch?
You can reach the branch at the branch contact number during regular banking hours.
Is IFSC SBIN0016501 the same for all accounts at Siddartha Layoutmysore branch?
Yes. The IFSC SBIN0016501 is shared by every account held at State Bank of India's Siddartha Layoutmysore branch. Only the account number changes from customer to customer.
Where is State Bank of India Siddartha Layoutmysore branch located?
State Bank of India's Siddartha Layoutmysore branch is located at NO.193/3, PARSWA VATIKA T.NARASIPURA MAIN ROAD, OPP NANDINI MILK DAIRY, SIDDARTHANAGAR, DIST. MYSORE, KARNATAKA 570011 TEL 0821 2340909, Mysore, Karnataka.
Is IFSC SBIN0016501 valid for NEFT and RTGS?
Yes. IFSC SBIN0016501 is valid for all RBI-supported electronic transfer channels including NEFT, RTGS and IMPS.
How quickly will an NEFT transfer using SBIN0016501 be credited?
NEFT settles in half-hourly batches around the clock. Most transfers to State Bank of India – Siddartha Layoutmysore reflect within 30 minutes.
What is the IFSC code of State Bank of India Siddartha Layoutmysore branch?
The IFSC code of State Bank of India, Siddartha Layoutmysore branch is SBIN0016501. It is used for NEFT, RTGS and IMPS fund transfers to this branch.
Summary
The IFSC code SBIN0016501 belongs to State Bank of India's SIDDARTHA LAYOUTMYSORE branch, located at NO.193/3, PARSWA VATIKA T.NARASIPURA MAIN ROAD, OPP NANDINI MILK DAIRY,… in MYSORE, KARNATAKA. Use this code along with the beneficiary's account number for any NEFT, RTGS or IMPS transfer to this branch. Bookmark this page for quick reference whenever you need the branch's banking details.
